Rocket Lab Corporation (NASDAQ:RKLB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Rocket Lab Corporation (NASDAQ:RKLB) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $61.25.

A number of research firms have recently commented on RKLB. Needham & Company LLC raised their price target on shares of Rocket Lab from $63.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Bank of America raised their price objective on shares of Rocket Lab from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Citigroup restated a “market perform” rating on shares of Rocket Lab in a research note on Wednesday, November 12th.

Key Rocket Lab News

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Report that Rocket Lab jumped on a possible roughly $1B U.S. Space Development Agency (SDA) deal — this is the primary bullish fundamental catalyst cited for the recent surge; the contract would materially boost backlog if confirmed. Rocket Lab (RKLB) jumps 17.7% on possible billion-$ US SDA deal
• Positive Sentiment: Technical breakout: IBD says Rocket Lab cleared a buy point and satisfied the eight?week hold rule after the contract news — a bullish technical signal that drew momentum buyers. Rocket Lab Takes Off On Contract Win, Triggers This Rare Bullish Signal
• Neutral Sentiment: An analyst is reworking price targets after RKLB hit record highs — could mean upgrades or refreshed guidance sensitivity, but impact depends on final published target and rationale. Rocket Lab analyst rethinks stock target after hitting record high
• Neutral Sentiment: Reported short?interest data are anomalous (showing zero in the snapshot), so they don’t provide clear insight into crowd positioning; treat that metric cautiously until clarified by regular reporting sources.
• Negative Sentiment: Sectorwide pullback: Benzinga notes RKLB is cooling off as space-related stocks retrace year?end gains — this broad weakness is a likely reason for today’s decline even after the positive headlines. Rocket Lab Stock Cools Off As Sector Pulls Back From Year?End Rally
• Negative Sentiment: Insider selling: Director Nina Armagno sold ~27,314 shares in mid?December — a sizable sale that may add to short?term selling pressure or feed cautious sentiment among some investors. Nina Armagno Sells 27,314 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Insiders Place Their Bets

In other news, SVP Arjun Kampani sold 10,554 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $42.08, for a total transaction of $444,112.32. Following the transaction, the senior vice president directly owned 450,460 shares in the company, valued at approximately $18,955,356.80. This represents a 2.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter Beck sold 939,746 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $54.73, for a total transaction of $51,432,298.58. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,729,485 shares of company stock valued at $151,832,870 over the last three months. Corporate insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Rocket Lab

Several institutional investors and hedge funds have recently bought and sold shares of RKLB. Capital Investment Advisory Services LLC increased its position in shares of Rocket Lab by 2.1% during the third quarter. Capital Investment Advisory Services LLC now owns 10,432 shares of the rocket manufacturer’s stock valued at $500,000 after buying an additional 212 shares during the period. Keel Point LLC grew its stake in Rocket Lab by 0.4% in the third quarter. Keel Point LLC now owns 51,428 shares of the rocket manufacturer’s stock worth $2,464,000 after purchasing an additional 226 shares during the period. Truist Financial Corp raised its holdings in Rocket Lab by 1.9% in the second quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer’s stock worth $442,000 after purchasing an additional 234 shares in the last quarter. ORG Partners LLC lifted its position in Rocket Lab by 22.1% during the third quarter. ORG Partners LLC now owns 1,337 shares of the rocket manufacturer’s stock valued at $64,000 after buying an additional 242 shares during the period. Finally, Parvin Asset Management LLC grew its position in shares of Rocket Lab by 7.2% in the 2nd quarter. Parvin Asset Management LLC now owns 3,725 shares of the rocket manufacturer’s stock worth $133,000 after buying an additional 250 shares during the period. 71.78% of the stock is currently owned by institutional investors.

Rocket Lab Stock Performance

Shares of Rocket Lab stock opened at $70.65 on Monday. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32. Rocket Lab has a 1-year low of $14.71 and a 1-year high of $79.83. The company has a market cap of $37.74 billion, a P/E ratio of -185.92 and a beta of 2.20. The business has a 50-day moving average price of $55.35 and a two-hundred day moving average price of $49.01.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The firm had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. During the same period in the previous year, the firm earned ($0.10) EPS. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. As a group, analysts anticipate that Rocket Lab will post -0.38 EPS for the current year.

Rocket Lab Company Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.